(Associated Press via NewsEdge) Nokia cut its operating margin targets, blaming increased exposure to the network infrastructure business.
It also predicted global sales of mobile phones would grow by 10% in 2007.
The world's largest cell phone maker said its closely watched operating margin will suffer from the start of the Nokia Siemens Networks operations, a joint venture that will combine Nokia's network business group and Siemens' carrier-related operations.
As a result, it lowered its target margin to 15% for the next one to two years, down from the 17% it set in December 2005.
Nokia also tightened targets for its mobile phone and multimedia division, saying it would aim for a 17% operating margin over the next two years rather than the 17% to 18% set out last December.
Nokia meanwhile said industry-wide shipments of mobile phones will be up 10 % next year from the 970 million units it estimates will be sold in 2006.
Nokia also presented four new handsets.
The models include the 13.1 millimeter (half-inch) thin 6300 camera phone, which features a slim design that is likely meant to compete with Motorola's compact RAZR model. The 6290 handset, meanwhile, was billed by Nokia as its first midlevel 3G smart phone.
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